NEWS: FFA statement on Newcastle Jets ownership situation

Football Federation Australia (FFA) has today confirmed that the Newcastle Jets will remain under the control of FFA for the commencement of the 2015 Hyundai A-League season.

FFA has reached broad agreement for the sale of the Jets to an international group. It was envisaged that the sale transaction would be completed prior to the season kick off, but the finalisation of the transaction has been pushed back.

“FFA and the international group have been through a comprehensive process of due diligence and negotiations,” said an FFA spokesperson.

“We have reached broad agreement on the sale, but the process won’t be finished by the time the Jets kick off against the Wellington Phoenix in round one.

“We’d expect the additional time required will be a matter of weeks, rather than months.

“We’re making this announcement today in the interests of giving players, coaches and staff some certainty for the season kick off.”

FFA has confirmed that David Eland will remain in the role of Newcastle Jets CEO until such time that a formal handover is completed.